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Bullion

Keywords

Monetary system, Nigeria banking system, Control mechanism.

Abstract

To understand the role of the Central Bank of Nigeria in controlling the system under the prevailing functional arrangement, it would be necessary to relate the conceptual framework of monetary and banking system control to the Bank's experience. To this end, the paper is organised in five sections. After Section One which is the introduction, Section Two examines the conceptual framework of monetary and banking system control. This is followed by Section Three which reviewed the CBN's techniques of control and their changes over the years. Section Four appraises the control measures and ascertains their effectiveness while Section Five provides a summary of outstanding constraints to monetary and banking system control as well as concluding remarks.

Author Bio

The author is the Governor of the Central Bank of Nigeria.

Publication Title

CBN Bullion

Issue

2

Volume

20

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